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. the important foreign-policy issue of benghazi. it was something we were talking about a month ago, but it faded into the background. everybody will be watching tomorrow. it is a big deal to have the secretary of state come in. everyone wants to hear what she has to say about this. she becomes less of a focus because she's leaving, some say. but it will be really important hearing. the group publicans' want a special committee formed to investigate the because the issue, but they did not get that. all we will crb hearings where we get a picture of it from people who were heading the operation. so her parents will be very big tomorrow. guest: more broadly, on national security, we will enter the beginning of confirmation hearings for john kerry as secretary of state, chuck hagel as secretary of defense. consideration of our military strategy, our military spending, how we project american power as we complete a winding down of the war in afghanistan. it is really going to be the end of a post-9/11 period in national security policy, with the policy going for it from there still unsettled. guest:
on counts issues, ensuring the diplomacy is an essential part of our country's foreign policy. and your tireless efforts to elevate women and girls' rights is without comparison. you have strengthened our state department, made it better today than when you arrived. as ranking member on the africa subcommittee, i am especially appreciative of the attention you've given to the 54 congratulations -- nations of africa. while aftercation ca may lose one -- while africa may lose one of its champions at the state department, i trust africa will not be far from your thoughts and will remain a top priority in your exueture -- in your future work. i also want to associate my comments with congressman sherman who said that it's unfortunate that this is the last time we will hear from you. so i want to focus my time on moving us forward and asking your advice. you made reference in your testimony about best value contracts. and you mentioned, i believe, several nations where best value contracts are not used. and in thinking about africa and the instability and a number of nations in northern afri
. they do plan to cut jobs about 2% of the workforce. that is 630 jobs worldwide. they talk about foreign exchange revenue. and that did post a steep decline. overall certainly a winning day for state street. back to you. melissa: nicole, thanks so much. ashley: the federal reserve releasing transcripts from closed-door policy meetings from 2007. interesting reading at least. it sheds light what they knew as we headed into recession. peter barnes with more on that. peter. >> ashley, most of them did not know how bad all of this was going to get. that's clear from reading these minutes just released today from five years ago but a couple of fed officials thought it could get really bad. you remember that year, 2007, the subprime mortgage crisis hit. the housing bubble popped. the credit markets got tight and at the fomc meeting on september 18th that year, one new york fed official predicted that the subprime crisis could cost banks 100 billion to $200 billion. we know though that washington eventually ended up investing 245 billion in banks through the tarp bailout. the fed was also forec
Search Results 0 to 2 of about 3